GME Resources: First ore parcel processed

GME Resources announced that the first batch of ore mined from the Devon Gold project’s north pit has been processed at Saracen Gold Mines Carosue Dam plant site.

Image credit: www.gmeresources.com.au
Image credit: www.gmeresources.com.au

The company, which commenced mining operations at the Devon gold mine in mid-February, said the 6,400-tonne batch was delayed for several weeks due to “ongoing rain events” in the region that resulted in closure of haulage roads.

GME said high grade assaying from the belt sampling procedure and metallurgical test work to ascertain gold recovery is in progress, with mining operations now shifted in the mine’s main pit.

“Mining is now focused in the main pit and is progressing well. Pre stripping of waste to the depth of the trial pit (15 metres) is now complete and the main load is exposed,” the company said in a statement to the ASX.

“The mine is expected to produce approximately 63,000 tonees of ore grading between 5 and 6 grams per tonne by June 30.”

The Devon gold mine has a JORC Resource of more than 50,000 ounces of gold. Mineralisation at the mine is in the form of quartz bearing lodes that are set to be exploited by open pit mining and remains at depth of 60 meters.

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